Published Date: 28-Jul-2022
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According to a new report, published by KBV research, The Global Cosmetic Packaging Market size is expected to reach $47.7 billion by 2028, rising at a market growth of 4.6% CAGR during the forecast period.
The Glass segment has shown growth rate of 4.9% during (2022 - 2028). Glass is made up of silica sand, which is combined with metal oxides, sodium carbonate, and other trace components. Glass jars are ideal for packing emulsions because they make it easy to remove the substance with the fingers. Glass has a stylish and clean appearance, which is one of its main advantages. Borosilicate treated soda-lime, and normal soda-lime are the three basic forms of glass. Each one has its own chemical characteristics.
The Skin Care segment acquired maximum revenue share in the Global Cosmetic Packaging Market by Application in 2021, thereby, achieving a market value of $15.3 billion by 2028. This is due to the increased adoption of skin care products in the Asia Pacific, Europe, and North America. Skincare products are also the most popular type of cosmetic product available on the market. Cosmetic Packaging in the skin care application type is growing because of the increasing penetration of multi-purpose skin-care products such as face creams, moisturizers, and others.
Tubes segment is showcasing a CAGR of 5.8% during (2022 - 2028). Containers for cosmetic tube packaging come in a variety of shapes, colors, materials, and profiles. High-quality materials such as ABS, AS, PETG, and PCTG are used to make cosmetic tubes. Each item was created with makeup in mind for the beauty and cosmetics business. Cosmetic containers are also produced to have a high-quality finish and to be reasonably priced.
The Asia Pacific market dominated the Global Cosmetic Packaging Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $17.3 billion by 2028. The Europe market is estimated to witness a CAGR of 4% during (2022 - 2028). Additionally, The North America market would experience highest CAGR of 4.2% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Albéa Group, HCP Packaging (Shanghai) Co. Ltd., TriMas Corporation, Graham Packaging Company, Amcor Plc, Sonoco Products Company, Huhtamaki Oyj, Berry Global Group, Inc., Aptar Group, Inc., and Gerresheimer AG.
By Material Type
By Packaging Type
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